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Dow Hits 11,000 for First Time in 18 Months
Stocks Rise on More Signs of Growth as Dow Briefly Surpasses Psychological Milestone Before Closing at 10,997
(AP) Fresh signs that the economy continues to recover sent the Dow Jones industrial average briefly above 11,000 Friday for the first time in 18 months.
The Dow hadn't crossed that level since Sept. 29, 2008, just as the worst phase of the financial crisis was beginning.
The Dow very briefly traded over 11,000 in the final five minutes of trading before settling slightly lower. The Dow had come within 12 points on both Monday and Tuesday.
The Dow finished Friday with a gain of 70 points. Broader indexes also rose.
Stocks got a boost after reassuring statements from Greece's finance minister and the head of the European Central Bank. Major European indexes closed higher, while the dollar fell against the euro.
Stocks Rise on More Signs of Growth as Dow Briefly Surpasses Psychological Milestone Before Closing at 10,997
(AP) Fresh signs that the economy continues to recover sent the Dow Jones industrial average briefly above 11,000 Friday for the first time in 18 months.
The Dow hadn't crossed that level since Sept. 29, 2008, just as the worst phase of the financial crisis was beginning.
The Dow very briefly traded over 11,000 in the final five minutes of trading before settling slightly lower. The Dow had come within 12 points on both Monday and Tuesday.
The Dow finished Friday with a gain of 70 points. Broader indexes also rose.
Stocks got a boost after reassuring statements from Greece's finance minister and the head of the European Central Bank. Major European indexes closed higher, while the dollar fell against the euro.
